Nevada County Business Owners: Don’t Miss the April 1 Deadline to File Business Property Statement

Assessor Encourages Businesses to Submit Business Property Statement to Prevent Penalties

Business owners in Nevada County have less than five weeks left to file their Business Property Statement with the Assessor’s Office. The filing period is open from January 1 through April 1, with May 7, 2024, being the last day to file without a 10% penalty.

Notice to file letters were sent out in late January with the necessary information for electronic filing. Businesses have the option to file their Business Property Statements (BOE 571-L) electronically or by filling out a paper form. Electronic filing offers benefits such as saving time and resources by automatically carrying forward prior year acquisition cost information into the system.

Businesses who receive a notice to file letter from the Assessor are required by law to either eFile their statement or complete, sign, and return a paper statement to the Assessor’s Office. Additionally, any business that owns Personal Property and/or Fixtures with a total combined cost of $100,000 or more must file a Business Property Statement even if not requested by the Assessor.

For those choosing to file a paper statement, businesses can download a paper Business Property Statement through the e-filing web portal if they have received a notice to file letter. It is important to note that all information, including prior year costs, will need to be entered on the form each year. Paper forms must be filled out, signed, and postmarked or delivered to the Assessor’s Office by the May 7 deadline to avoid a 10% penalty.

For more information on how to re-send notice to file letters or answer any questions about filing requirements, business owners can visit the Business Property webpage or contact the Assessor’s Office at business.property@nevadacountyca.gov or 530-265-1259.

Leave a Reply